The Indian prime minister has said his country "is ready" to react to President Donald Trump's additional 25 percent levy on goods entering the U.S.

Indian Prime Minister Narendra Modi and Brazil's President Luiz Inacio Lula da Silva spoke by phone on Thursday, their offices said, discussing a broad range of topics that included tariffs imposed by the United States on goods from both countries.

Amid rising concerns over Donald Trump's steep tariff hike on Indian exports, Prime Minister Narendra Modi on Thursday said India would never compromise on the interests of its farmers, fishermen and livestock rearers,